The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-31

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1t is the unanimous opinion of the leadin g
real estate dealers that the business of 1883 will
show much gain over the present year as it
shows 1856. Many influences that tended
60 depress the market at the beginning of 1887
have been overcome. and nothing stands in the
way of a very prosperous year.
There no evidences of any BOOM" said
one leading agent. yesterday. but unless all
signs fail, the real estate market will show
greater activity during the coming year than
since the unwarranted boom of fifteen years
ago. The market will be kept stable basis.
In some quarters there is inclination to in
fate values, but the sentiment of the people is
against any such move. have been in bust
ness here for many years. and never the
time when there we're many foreign inquiries
about Indianapolis property. The fact is,
other city in the country the size of Indianap-
OILS can otter property as cheapiy as we can
here an d the consequence is foreign capital is
bound to be drawn here. have the promise of
some largo sums of money from Eastern capital
lists to be invested in improved pro perty during
anuary and February"
Another dealer asked what class of prop
erty would be in greatest demand during the
ensuing year, and he said: II believe that the
bulk of the trade will still be in uninproved
pro perty in the suburbs OF the city. The rapid
gro with of the city makes Investment in such
pro perty the best man make, and that class
of property purchased now is bound to double
in value in the course of year two. Ire
gard the outlook for 1888 as much better
than it was at the beginning of 1887. have
three times as much property my lists, and I
expecs to do fully as much again business as in
1851"
Over Eleven Hundred New Buildings Erected,
II was a busy year for the builders Their
= work began with the early spring. and when
cold weather came upon them there were still
many contracts uncompleted 1t is the unani-
nous expression of the members of the Builders
Exchange that it was the busiest year they have
ever had feature of the years building is
the great number of Few business blocks erected.
Not less than a doz en- large blocks erected
on Illinois street alone, between Market and
Louisiana and m any uDsghtly structures in
different portions of the business portion of the
city have given way to substantial blocks.
During the year !, 154 permits for structures
of all kinds issued by the city clerk, and
the total amount expended in building during
the year 81 ,252, so. OF this amount $685.
1913 went into business houses, S41. 161 into
brick residences. Sl0z, 231 into two-story frame
honses. and 1893 Isl into cottages. The smount
expended for repairs Sl71595. TIE
tractors are preparing to meet a greater
demand for their services in 1888. Already a
great deal of important work is contracted for,
and many builders have enough work in sight
to keep them busy much of the season if no
more contracts should be made. Il expect bust
ness to be much better during the coming year
than ii this" said John Martin a con-
tractor last evening. IAN our time now is
employed in figuring on buildings that be
erected in the spring. 1t Is rather early 10 begin
taking contracts. but still many being
made